Sales, Profits Rise at Toyota
RENEE MONTAGNE, host:
Our business news starts with Toyota - still on its way to number one. The world's second largest carmaker says sales in the United States and elsewhere continue to rise. Toyota reports about a seven percent rise in profits for the recent quarter. That's thanks in part to strong sales of its SUVs and its Camry sedan. Toyota is expected to pass GM to become the world's number one automaker, possibly this year.
Meanwhile, GM and Ford are struggling to revamp their U.S. operations so they can keep up Toyota. Ford recently announced the worst yearly loss in its history.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.